. heather: good thing. all right so growing concerns for the future of u.s. cities asstocstockton, californiaheads to bankruptcy court. they racked up a billion dollars in debt in two years. we hear about other places in similar situation. some are wondering whether other u.s. cities will soon follow. matt mccall is president of financial group l. l. c. and countdown to the closing bell on fox network. california's 13th largest city officially heading to bankruptcy court today. a city in detroit trying to avoid the same thing, the largest city ever to be put under state control. if i live in a small town say in mississippi, i live in a farming community out in midwest or here in the big city of new york city, why do i care, how does it effect me, liz? >> it is interesting if you are part of a municipality that is in debt. when it comes to the clip that happened here situation probably unlikely unless your city finances are in such arrears and a dire state that you too should be watching. everyone can learn a lesson with what is happening in stockton, california today. heather: ta

to upper 60s. >> 8:51 a.m. and after years ofstrugglestocktonispoised to become the most popular city and the answin then to enter bankruptcy when its trial begins tuesday in federal court. creditors to when stock and money are challenging its chapter 9 bankruptcy petition but most observers say the city of 300,000 will be successful. its largest creditors are by the answer is to help the city refinance pension that. police incenses the are searching for a serial arsonist who started three fires in the city over the weekend. police said two fires were lit in large part on memorial drive and a third was started near the 500 block of el camino real out. all three fires were strictly distinguished and caused little damage police said. no suspects information was immediately available. >> traffic moving smoothly and both areas of the bridge, we will be back. new nehoney bunches of oats greek yogurt and whole grain. herehe we go. honehoy corncoflakes and chunks of greek yogurt. i'i'm tasting both the yogurt and the honey at the same time. i'm like digging this yogurt thing. i feelfe health